Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
12461 NE Woodinville Drive
Woodinville, WA 98072
Asking Price
$10.50M
Asset Type
Residential Multifamily
Class
Class B
What's Special
Multifamily Development | 161 Units <ul><li>Entitled 161 Residential Units with On-Site Covered Parking</li><li>The Site is located in the Old Town District in the City of Woodinville Comprising of an entire block of Commercial Business District Zoning</li><li>Approved Development Agreement (Expires September 9, 2029) with the City King Co. Record #20190924000735</li><li>Development Site Qualifies for MFTS (Multi-Family-Tax-Exemption)</li><li>49,680 Gross Land area, 49,205 SF Less ROW Dedication</li><li>Approved Development:
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
0.76%
DSCR
0.13
Underwater
Cash-on-Cash
-17.25%
Monthly Payment
$51,948.271
Annual Cash Flow
$-543,379.252
